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Form a Business

Limitation on liability.

Municipal Code of Chicago § 14X-12-1205.2.2
in effect
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14X-12-1205.2.2 Limitation on liability. To the extent allowed by law, a mortgagee’s acts or omissions required by Section 14X-12-1205 will not subject the mortgagee to civil or criminal liability unless the act or omission constitutes gross negligence or willful, wanton, or intentional misconduct.
Source: City of Chicago, Municipal Code of Chicago (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/chicago/latest/chicago_il/0-0-0-2676526Fetched: 10/24/2026

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14X-12-1205.2.2 | Corpus